Got some info out of it. The one Yao Qian mentioned was the exchange that used to operate in Beijing, the one that liked to do those pump-and-dump moves. The project already crashed and burned, so bittersweet. Back then, there were at least hundreds of projects raising tens of thousands of ETH. Forget outperforming ETH—there are barely any that are worth more in fiat now than what they raised back then. How much hard-earned money from retail investors got drained? Honestly, the ones who should really be held accountable are those project teams issuing tokens and the bosses of the exchanges.